Energous Co. (NASDAQ:WATT) Short Interest Update

Energous Co. (NASDAQ:WATT) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 3,780,000 shares, a growth of 295.7% from the December 31st total of 955,200 shares. Based on an average trading volume of 5,640,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 19.5% of the shares of the stock are short sold.

Energous Price Performance

Shares of NASDAQ WATT traded down $0.02 during trading on Tuesday, hitting $0.44. 605,569 shares of the company were exchanged, compared to its average volume of 5,816,853. The firm’s fifty day moving average price is $0.56 and its 200 day moving average price is $0.67. The company has a market cap of $4.46 million, a price-to-earnings ratio of -0.14 and a beta of 2.36. Energous has a 1 year low of $0.28 and a 1 year high of $2.75.

Energous (NASDAQ:WATT) last announced its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.74) by $0.24. The business had revenue of $0.23 million for the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. On average, research analysts forecast that Energous will post -3.01 earnings per share for the current year.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.